Flex Warehouse with Dock and
For Sale
Contact for pricing
1304 West Industrial Boulevard, Round Rock, TX 78681
Flex warehouse featuring 13' dropped ceiling clearance, one dock-high door, and multiple grade-level access points.
Property Size15,300 SF
Price / SF$189.54
Days on Market141
Property Features for 1304 West Industrial Boulevard
General Information
Standard status
Active
Size
15,300 SF
Total Parking Spaces
32
Property subtype
Retail, Office, Industrial
Warehouse & Industrial
Clear Height
21 ft
Dock-High Doors
1
Drive-In Doors
5
Heavy Power
Yes
Additional Details
Outdoor Storage
Yes
Listing Agency:
Don Quick & Associates Inc
Listed By:
Darren Quick · License #TX 443913
(512) 255-3000
Source:
Crexi
Added: Apr 17
Changed: Sep 4
Last Checked: Sep 2 at 12:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Don Quick & Associates Inc
Investment Insights
Based on property information with market context.
This flex warehouse includes substantial power capacity with 1,000 amps of 120/240V service and a 13' dropped ceiling providing approximately 21' clearance. The facility offers one dock-high door along with access to five grade-level doors. A small outside storage area is located at the rear, and new LED lighting has been installed throughout the lab space.
The property provides 32 dedicated parking spaces, including approximately 22 covered spaces.
Operationally, the configuration supports both dock-served operations and ground-level loading through the multiple grade-level doors, with an on-site lab area supported by updated lighting.
The property provides 32 dedicated parking spaces, including approximately 22 covered spaces.
Operationally, the configuration supports both dock-served operations and ground-level loading through the multiple grade-level doors, with an on-site lab area supported by updated lighting.
Key Highlights
- 1,000 amps of 120/240V power
- 13' dropped ceiling with 21' clearance
- One dock‑high door plus access to 5 grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$157,051
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,141,020
$3.1M
Cap Rate 7%
$2,243,586
$2.2M
Cap Rate 9%
$1,745,011
$1.7M
Market Conditions
NOI Build-Up for 15,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$257.0K $16.80/SF
− Vacancy
−$15.4K −$1.01/SF
EGI
$241.6K $15.79/SF
− OpEx
−$84.6K −$5.53/SF
NOI
$157.1K $10.26/SF
Area
Round Rock, TX
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,141,020
Cap Rate 7%
$2,243,586
Cap Rate 9%
$1,745,011
Alternative Uses
Best Use
Flex RnD
$2.24M
$1.96M – $2.62M
NOI $157,051 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$2.09M
$1.83M – $2.44M
NOI $146,513 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$4.85M
$4.24M – $5.65M
NOI $339,293 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21 ft
Clear height
1
Dock-high doors
5
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78681, TX
57,503
Population
20,817
Households
2.8
Avg Household Size
38
Median Age
56%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
2,479
Density / Sq Mi
$136,215
Median Household Income
$62,739
Median Earnings
$1,848
Median Rent
$460,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse featuring 13' dropped ceiling clearance, one dock-high door, and multiple grade-level access points.
Where is this flex space located?
The property is located at 1304 West Industrial Boulevard Round Rock, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 1,000 amps of 120/240V power; 13' dropped ceiling with 21' clearance; One dock‑high door plus access to 5 grade‑level doors
